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Inuvo, Inc. Message Board

  • donedoodit donedoodit Jun 26, 2013 11:44 AM Flag

    They Will Keep the Listing

    Here's how. At 3/31 the company shows us less than $4.1 million of shareholders equity. Minimally, they need $6 million, and we can anticipate some further losses along the way to 12/31/13.

    Morgan will kick in $2.5 million, and for that he will be issued convertible preferred shares that give him a 6%-8% dividend, convertible into about 7.3 million shares, or roughly $0.35 per share. Add the 7 million shares to the current O/S, and the current shareholder sees that he is being diluted by about 30%. She share price will drop to $0.50.

    Lawshat/Vertroshat and Wheathead, already deluded, will be further diluted and later denuded of their money.

 
INUV
1.86-0.06(-3.12%)Mar 27 4:05 PMEDT